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estate planning and administration Archives

The creation of a special needs trust could benefit your family

Estate planning is a crucial step for every New Jersey family, but your family may have special needs that you should address with your estate plan. If you have a special needs child or you have a family member who will not be able to care for himself or herself in the future, you can include certain things in your plan for that person's care.

Find out what mistakes could derail your estate plan

Estate planning is an important step for all New Jersey adults, regardless of the size of their estates. You have worked hard to build your estate, save for your future and build wealth to leave your loved ones, and you have the right to decide what happens to it. Whether you own a little or a lot, estate planning allows you to make important decisions about your property.

Will your probate get stuck in the mud?

Probate is one of those mysterious events that most people misunderstand. You may have heard from others that the purpose of estate planning is to avoid probate. While planning well to avoid probate may spare your estate some money in the form of taxes, few people take the time to make those plans, leaving loved ones to face the uncertainty that accompanies the settling of an estate.

Administering an estate means many responsibilities for executors

Accepting the role of estate executor is a serious responsibility. Many people take numerous aspects into consideration before they choose an executor, and a loved one may have approached you to take on the position. Though you understood the importance of the decision, you may not have fully known what actions you would have to perform when you agreed to become executor.

What should you consider when looking for a guardian?

Your children are undoubtedly the most important part of your life. Though you may wonder whether you are doing a good job as a parent, you certainly do your best to ensure that your kids feel loved and are well taken care of. You may hope that you will have the ability to always provide that care for your children, but you likely know that the possibility of death, incapacitation or serious injury can result in your children needing a new guardian.

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